Factoring Software

In today’s increasingly dynamic business environment, there are a plethora of financial tools available to businesses to create financial flexibility. Among the tried and true methods for creating additional cashflow is receivables factoring. A factoring transaction is where a business sells its invoices to a third party company in order to receive payment upfront. The third party company (“factor”) will advance the the money to the business, take over management of the receivables, and charge the business a fee for the service. Managing this niche vertical requires technology designed with this business model in mind, tailored specifically to facilitate a simple workflow.

Third Eye Solutions’ factoring software gives clients the tools they need to effectively and efficiently manage their factoring business. The system allows users to track purchased invoices across their entire life cycle, ensuring a smooth administration process and mitigating risk.

The simple user interface houses a vast repository of data and reports, providing clients with real-time information to enable better decisions. Designed with flexibility in mind, the system provides users with the capability to adapt to market needs, stay competitive, and automate communication with clients and other stakeholders.